Evercore ISI Group Downgrades Sirius XM Holdings to Underperform, Announces $4.5 Price Target
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Vijay Jayant has downgraded Sirius XM Holdings (NASDAQ:SIRI) from In-Line to Underperform and set a price target of $4.5.
July 21, 2023 | 9:29 am
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Sirius XM Holdings has been downgraded to Underperform by Evercore ISI Group, with a price target of $4.5.
The downgrade from Evercore ISI Group is likely to negatively impact Sirius XM's stock in the short term. The new price target of $4.5 suggests that the analyst believes the stock is currently overvalued, which could lead to selling pressure.
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IMPORTANCE 80
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